Crypto Remains in the Spotlight: Investors continue to buy all things crypto. Bullish (BLSH) went public in an IPO yesterday, with its stock soaring from its offer price of $37 to $68 – an 84% gain – but shares had been as high as $118, a 219% rise. BLSH is up another 13% in premarket trading.

Fed's Goolsbee said he's more worried about inflation than weak job growth. His remarks suggest he may not support a September rate cut.

The Indian rupee is poised to open higher on Wednesday after the July U.S. inflation data indicated limited impact of tariffs, providing room for the Federal Reserve to cut rates next month.

Follow live coverage of the July consumer price index report, released earlier today. Inflation rose by 2.& in the month as higher tariffs took effect.

Falling gas prices helped keep overall inflation tame in July; however, a broader array of products got even more expensive last month, showing that President Donald Trump’s expansive tariffs are being passed along to consumers.

The latest official figures showed consumer prices rose 2.7% in the year to July but underlying figures - which are seen as a better indicator of economic trends - show that inflation ticked up to the highest level since February.